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. if the president can lead and pull a nixon in china on entitlement reform. maybe that can start to change the long-term tied. the deficit is improving. the long-term debt is the real problem. >> great to see you guys, thanks so much, have a great weekend. >>> of all the things our government spends money on. what do you think is the most expensive? the answer wasn't the same case 50 years ago, i'll tell you, when we come back. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd
's positioned to pull a nixon in china. just as only a committed anti-communist like nixon could go to china, someone like a pragmatic aggressive like president obama could appeal to his base and still get tough entitlement cuts through as part of a grand bargain. this is a moment of rare opportunity but it takes presidential leadership and that, frankly, has been lacking. >> one approach that republicans have put forward is the idea of a balanced budget amendment. >> the real cause of our debt is that our government has been spending $1 trillion more than it takes in every year. that's why we need a balanced budget amendment. >> republicans, margaret, are not blameless in this, bush era tax cuts, wars in afghanistan and iraq are major drivers. the spending cuts that a balanced budget amendment would require could cripple the economy. austerity hasn't worked in europe. why does marco rubio think it would work in america? >> look, what you have to keep in mind is when marco rubio said that. he said that in his response to the president's state of the union right before rand paul was about to
-back cybersecurity would mean more vulnerability to attacks from hackers in china and at home threatening our infrastructure. furloughs and layoffs would affect more than 800,000 workers in the defense industry at the same time that north korea is testing a nuclear bomb. cults at the irs would mean fewer tax return reviews and longer waits to get refunds. and more than 100,000 people would be thrown out of emergency housing and onto the streets. one way or another, everyone is going to feel this, while washington continues to play the blame game. >> the bottom line is very simple. the republicans have proposed devastating cuts. >> washington democrats have gotten used to republicans bailing them out of their own lack of responsibility. >> now that we're clear about what is at stake, let's figure out whether this is really going to happen. john king is cnn's chief national correspondent. john, what is the likelihood of this sequester, these forced budget cuts, going into effect starting friday? >> ali, there's no serious negotiations. so at the moment it looks like these will go in. you heard
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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